It seems like it was only yesterday you sat down and laid out your business goals for the year, with 12 months ahead of you. But here we are, halfway through March, and 20% of the year is gone. How are you doing on achieving the goals you’ve identified as priorities for 2023?

The COVID-19 pandemic was a life-altering event, for many different reasons. Not only did it impact the lives of millions of people around the world, but it also changed the way business is conducted. It changed what is expected of businesses when it comes to the environment as well as their employees’ satisfaction and well-being.

As we say goodbye to 2022, business owners must start thinking about what changes they will implement to their business in 2023 and more importantly, what trends they should be aware of this year.

The labour shortage is here to stay and will likely continue to affect our economy for years to come. A recent study by Statistics Canada counted a million unfilled positions in the second quarter of 2022 – the most on record and double pre-pandemic levels. There isn’t a quick solution and this will be something that businesses will need to continuously work on for the foreseeable future. So what can you do?

A six-year study conducted by McKinsey concluded that ethnically and culturally diverse businesses are up to 36% more profitable than the least diverse ones. When it comes to gender alone, the profitability gap widens to 48%. By not implementing DEI&B in your organization, you are missing out on opportunities to watch your team and individual employees truly shine.

As human beings we don’t naturally think about things that are unknown to us. We’re much more comfortable fine-tuning what we do well. While the unknown unknowns may be a ‘black hole’ from an owner’s perspective, it is the area where people looking at the business from the outside will be focusing their attention.

Unsure What Employees Need in Today’s Workplace? – As business owners, there isn’t much that we can do to avoid events such as a pandemic or a labour shortage. However, we can build an environment within our organization that provides our employees and future employees a sense of belonging and purpose. There are three universal needs that employees are currently seeking in a job — what do they entail?